WELSPUNLIV (Weekly)WELSPUNLIV (Weekly)
CMP 172
Weekly breakout and close above previous 52 week high
cup and handle pattern
WELSPUNLIV trade ideas
Bullish on Welspun LivingWhile doing my daily scans of scripts, i am seeing a tailwind in the textiles industry. Look for bullish chart and sit tight for good gains.
NOTE: This is not a buy recommendation just sharing my ideas with you all.
WELSPUNLIV | SWING BUYAnalysis: WELSPUNLIV shows strong uptrend potential with good technical
Entry: Can consider current price
Disclaimer: For informational purposes only. Do your research or consult a financial advisor.
WELSPINLIV - Weekly AnalysisIn the Weekly Chart of WELSPINLIV ,
we can see that, it has given very Big Cup & Handle breakout.
Let it retest the Trendline and then enter with SL and Targets.
Expected momentum is shown in chart.
WELSPUNLIVWELSPUNLIV
Market Cap ₹ 16,935 Cr
Industry: Textiles - Products
Welspun Living Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world.
Promoters 70%
FIIs 7 %
DIIs 6 %
other 1%
Public 16%
My study shows on chart study with technical analysis . this made cup and handle with multi- year break-out and darvas box break-out this good signs for huge movement after some days . after retest stock targets all hits. its my prediction
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Multi year breakout soon in WELSPUN LIVINGCup & Handle Breakout Setup
RSI near 65 and rising
Trading above EMA50
Volume increasing
33+ months of consolidation
Testing ATH
Disc: for study, not a recommendation
WELSPUN LIVING READY FOR BREAKOUT The stock has breached a curcial resistance of 172 and is expected a give a big rally which and double the money invested , the stock has been forming a cup and handle pattern on the daily timeframe
The fundamentals of the company are recouping and making a stong comeback also the PE is mere 24 while the industry PE is at 31 which also shows the sign of undervaluation , also the profitability and the sales are at pretty good levels when compared to previous years
Target - 280
SWING IDEA - WELSPUN LIVINGWelspun Living , a company engaged in the home textiles and furnishings sector, presents a potential swing buying opportunity based on several technical factors.
Reasons are listed below :
The repeated testing of the 155-165 zone suggests the establishment of a robust support/resistance level. A potential breakout from this range could signify a notable market movement.
Head and shoulders patterns are often seen as trend reversal patterns. In this case, if there's a head and shoulders pattern forming, and if it's confirmed with a breakout, it could indicate a reversal from a downward trend to an upward trend.
An engulfing candle formed in weekly timeframe followed by a doji candle typically indicates a potential continuation in the prevailing market trend.
Breakouts from long-term consolidation zones can lead to significant price movements, as they indicate a shift in market sentiment and a breakout from a period of indecision.
Consistently forming higher highs is a characteristic of an uptrend and suggests that buyers are in control of the market.
Increased trading volume can confirm the strength of a price movement. If volumes are increasing as the price moves higher, it suggests strong buying interest.
Target - 185 // 215 // 255
Stoploss - weekly close below 137
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Welspunliv | Swing Trading | Opportunity#welspunliv stock at swing trade position and chance to keep on eye.
Welspun India Limited's stock is currently in a consolidation phase, presenting a favorable opportunity for swing traders. The positive momentum indicated by the RSI, along with the strengthening Relative Strength, suggests a potential uptrend in the stock price. As always, investors should conduct thorough analysis and consider their risk tolerance before making any investment decisions.
Consolidation Phase Presenting Swing Trade Opportunity: Welspun India's stock is currently in a consolidation phase, indicating stability after a period of volatility. This presents an opportune moment for swing traders to consider entering positions, as the stock price is likely to experience a directional movement following this consolidation.
Positive Momentum Indicated by RSI: The Relative Strength Index (RSI) for Welspun India's stock is showing positive momentum. RSI is a technical indicator used to measure the speed and change of price movements, and it's currently indicating a bullish sentiment. The RSI is attempting to cross above the key threshold level of 50, suggesting increasing buying pressure and potential upward price movement.
Strengthening Relative Strength (RS): The Relative Strength (RS) of Welspun India's stock is exhibiting a positive trend. RS compares the performance of a stock relative to the broader market index, indicating whether it's outperforming or underperforming. The increasing RS suggests that Welspun India is gaining strength compared to its peers or the overall market, further supporting the bullish outlook.
Its not recommendation to go and strait buy this stock. this my view on this stock. do your own analysis and then take decision.
Hope you liked my analysis ideas.
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Amazing breakout on Weekly / Daily Timeframe - WELSPUNLIVCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
welspunliv is ready for breakout soonwelspunliv is ready for breakout , it is near previous top in weekly chart , when stocks comes near previous top then we should watch its action , it is going down again from resistance or it is consolidation there , if consolidate for few days or week then it can give 90% breakout and can give good target and also it is forming flag and pole pattern ,
WELSPUN LIVING - Swing Trade Analysis - 11th February #stocksWELSPUN LIVING (1W TF) - Swing Trade Analysis given on 11th Feb, 2024
Pattern: FALLING WEDGE BREAKOUT
- Breakout - Done ✓
- Volume Spike at Resistance - Done ✓
- Retest & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #WELSPUNLIVING #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment
WELSPUNLIV#WELSPUNLIV - I am expecting the stock to break the recent high and make a new high.
Strong volume on bullish bars.
Took the support from 21 EMA
Low volume on the pullback.
Welspun Living :Welspun :
Longterm view
Inverse Head and Shoulders on a weekly chart
Sustaining 172 levels might trigger strong up-move
Welspun Weekly Welspun Weekly chart
Potential breakout candidate
Cup and handle formation
125 weeks consolidation
Huge Volumes
Welspun LivingBreakout abv 171 closing in weekly timeframe
for swing targets 200 230 270
good support near 140 level
keep stoploss below 140 closing in weekly time frame.
Wave -5 Breakout in Welspun Living..1. Wave 4 as per EW Theory seems to be in progress. The price actions seems ready to breakout for Wave 5 and a potential 35% upmove. Wave 4 has retraced almost 38% and rise in Volume in last few week shows that wave 5 is just about to begin.
2. Breakout from the rectangular box above 170 can potential take the price to 225-235 range i.e. ~ 35% up from here.
Current Market Price - 161. Stop LOSS LEVEL - 145.
* NOT A TRADE RECOMMENDATION. ONLY FOR EDUCATIONAL PURPOSE.*
WELSPUNLIV | Swing Trade📊 DETAILS
Sector: Textiles & Apparel
Mkt Cap: 15,665 cr
Welspun Living Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world. The Company offers a wide spectrum of Home & Technical textile products and Flooring solutions. The Company has established itself as a thought leader within the home textile industry over the years and continue to focus on the enablers viz. Innovation, Branding and Sustainability to consolidate its leadership position.
TTM PE : 23.71 (Average PE)
Sector PE : 99.44
Beta : 1.24
📚 INSIGHTS
MC Insights PRO
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
5.87% away from 52 week high
Outperformer - Welspun Living up by 13.24% v/s NIFTY 50 up by 4.59% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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Welspun Living : Falling wedge breakoutWelspunLiv :
Falling Wedge breakout done
Good resistance around 162 levels
Need to sustain 162-165 levels
Possible HnS Pattern Possible HnS pattern is being formed in the weekly and daily time frame.
However, the price must close above 165 for the pattern to be validated, opening up the possibility of 250 - 270 price levels. Strict SL of 119 should be taken.
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There is always more to be learned from price action than from news !!!
